14 Aug '13, 6pm

Micropayments with online currencies like Bitcoin are ready to slash price of online news

Micropayments with online currencies like Bitcoin are ready to slash price of online news

could help. Coinbase, a digital wallet and platform that lets anyone with a US bank account buy and trade Bitcoin currency, announced last week that it is now supporting instant, free micropayments, in Bitcoins, with none of these drawbacks. In a blog post, Coinbase CEO and founder Brian Armstrong wrote that Coinbase would start handling small – typically under $1 – Bitcoin transactions "off-blockchain". That means each one wouldn't have to go through the algorithmic validation process across the whole Bitcoin network, which can take a few minutes or more, but would instead be sent directly between two Coinbase accounts and validated later.

Full article: http://www.newscientist.com/article/mg21929304.300-microp...

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